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of the fiscal cliff americans saw their payroll taxes jump. in a new study from the new york fed finds the rise in payroll taxes is going to cause payroll to cut their spending by an average of $720 this year. there's the fiscal cliff, also that payroll tax holiday that went away. you've been a long time proponent of exempting the first $15,000 from income tax. do you think that could generate jobs growth? >> yes, it could generate jobs growth. certainly we could make up the difference if you lose some money, the federal government loses money by exempting the first $15,000 for social security you just lift the lid on the percentage or the amount of money subjected to social security taxes. and that would be not only good for the economy, but it also would be a move in the direction of helping the middle class. you know, one of the hidden issues here, christine, is not only do we have a very slow jobs recovery but most of the jobs being created pay less than the jobs that were lost in the great recession. so the quality of jobs is a problem as well. >> and that's -- when you talk about the chan
, the reason the deficit went up a collapse of tax revenues more than anything else and we're back now, now that the economy is growing, down to a completely manageable place. so, all the scare stuff about the debt was unfair. >> well, of course, it is good news that the deficit has fallen, but before we celebrate with champagne, a couple big problems. if you look at the ten-year numbers, they didn't move very much at all. in other words, the deficit gets better in the near term, but continues to get worse. >> that's because medicare more than anything else. >> correct. we still have a long-term entitlement problem that is really a bad. not only raises the deficit, but threatens to crowd out every kind of spending we do as a country. >> what do you draw from these numbers? >> i think glenn right that the long-term problem is one of medicare spending and that remains a big problem. but i think what you're absolutely right that the increase in the deficit in the wake of the financial crisis was there because of plunging tax revenue and, indeed, because of some stimulus spending but that was e
geico are investing in technology & finance. welcome to the state where cutting taxes for business... is our business. welcome to the new buffalo. welcome to the new buffalo. welcome to the new buffalo. new york state is throwing out the old rule book to give your business a new edge, the edge you can only get in new york state. to grow our start your business, visit thenewny.com always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening pros
, americans saw their pay roll taxes jump. that works out to about $1,000 less for a typical household making $50,000 a year. a new study finds the rise in taxes is going to find the average household cutting their spending by an average of $720. there's the fiscal cliff and also the payroll tax holiday that went away. you're a longtime proponent of stopping the first $1500 of the taxes. do you think that would be good for job growth? >> yes, if we lose some government by exempting the first $15,000 for social security, you lift the lid on the percentage of or the amount of money subjected to social security taxes. and that would be not only good for the economy but it also would be a move in the direction of helping the middle class. you know, one of the hidden issues here, christine, is not only do we have a very slow jobs recovery, but most of the jobs being created pay less than the jobs that were lost in the great recession. so the quality of jobs is a problem as well. >> when you talk about the changing those pay roll tax -- the pay roll withholdings it's so interesting because it would
, that this was an attempt to kind of get a hold of this influx of applications for tax exempt status. maybe you do, i don't know how that process works, but we do know this one place processes 70,000 applications. can you see in your mind's eye a way this might not have been political, that this was a misguided stupid way to sort but that they didn't intend it to be some kind of political attempt to harass the tea party? >> i would think if there's any chance that this was a mistake, the investigator general wouldn't be coming out and saying otherwise, and the irs themselves wouldn't be saying -- >> they say it's a mistake. i think the question is whether it's political. >> well, i think we're going to have to see the memorandum. apparently there is a policy, and i think we're going to find there's a written policy that says we were targeting people who were opposed to the president. and when that comes forward, we need to know who wrote the policy and who approved the policy. i can't believe that one agent sort of started this, one rogue agent sort of started this, because it seems to be too widespread.
deserve the tax exempt status -- >> but, david, that's not just a conservative issue. what do you think of jennifer rubin's point that the conservative media, which some say see everything that obama does as a scandal was on to this sort of thing early and complaining about tea party a groups getting extra scrutiny and the media slow to catch up on this one? >> everythingen with en wivery. i want to correct one point. >> i don't think he answered the question. >> 85% of these organizations that apply for the tax exempt status they were conservative organizations. so, all of us believe that everybody across the board should be audited if they want to claim tax exempt status. if by nature 85% of them would be conservatives. >> he's ignoring the fact, howard. infa the fact is that these groups are specifically targeted and they had conservative buzz words in them and didn't use progressive as a screening device and they didn't use other environmental phrases. this was a set of words that were screened to specifically get a conservative groups. no one other than david is disputing that. >>
where cutting taxes for business... is our business. welcome to the new buffalo. welcome to the new buffalo. welcome to the new buffalo. new york state is throwing out the old rule book to give your business a new edge, the edge you can only get in new york state. to grow our start your business, visit thenewny.com over any other carrier? many choose us because we have the largest 4glte network. others, because of our reputation for reliability. or maybe it's because we've received jd power and associates' customer service award 4x in a row. in the end, there are countless reasons. but one choice. ♪ >>> welcome back, guys. what do you think dwyane wade does on one of his nights off, one of the biggest stars of the nba when he is not playing during the playoffs? what does he do? surprise a lucky fan at her high school fan, of course. good morning. >> a few weeks back you have this high school senior that goes to high school in coral gables florida, and puts this video on youtube asking dwyane wade to go to her prom, and for weeks nicole heard absolutely nothing from dwyane wade unt
cutting taxes for business... is our business. welcome to the new buffalo. welcome to the new buffalo. welcome to the new buffalo. new york state is throwing out the old rule book to give your business a new edge, the edge you can only get in new york state. to grow our start your business, visit thenewny.com as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ♪ the one and only, cheerios nehey!r! [squeals] ♪ [ewh!] [baby crying] the great thing about a subaru is you don't have to put up with that new car smell for long. introducing the versatile, all-new subaru forester. love. it's what makes a subaru, a subaru. so you can capture your receipts, ink for all business purchases. and manage them online with jot, the latest app from ink. so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. >>> well, in north texas recovery efforts continue after a series of killer tornadoes. just take a look. you've seen this devastation over the past few days. the area rancho brazo, six
taxes for business... is our business. welcome to the new buffalo. welcome to the new buffalo. welcome to the new buffalo. new york state is throwing out the old rule book to give your business a new edge, the edge you can only get in new york state. to grow our start your business, visit thenewny.com with one extraordinary purpose... to get "man of steel" advanced screening tickets. [ movie announcer voice ] at walmart. see "man of steel" at your local theater before anyone else. get in line 8 a.m. may 18th at walmart. rated pg-13. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> anyone who comes to tangier inevitably ends up lost in the old part of the city. the medina is just what you want it to be. the ancient world residing just next to and around the new one. you can walk around inside the movie in your head, play the bogie character you never were, all against an all too willing, all too genuine backdrop. ordinarily just about the last thing in the world i would be interested in do
in technology & finance. welcome to the state where cutting taxes for business... is our business. welcome to the new buffalo. welcome to the new buffalo. welcome to the new buffalo. new york state is throwing out the old rule book to give your business a new edge, the edge you can only get in new york state. to grow our start your business, visit thenewny.com ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> more on that tornadic activity specifically in wichita, kansas. we understand from the national weather service just moments ago that that tornado emergency, the tornado warning as a whole has actually been lifted. at first they had at least one tornado on the ground but that warning has been lifted. meantime what you are seeing right now are images. doesn't that look like a funnel of some sort that is forming. this is oklahoma. norman, oklahoma. edmond, oklahoma. sorry. let's listen in to kfor. >> this is going to be about one mile to a mile and a half just west of i-35 at about 15th str
into something bigger, whether it is jobs or tax reform, can't be, you know, just a visit up to baltimore to talk about an infrastructure project. they need a big thematic thing that will enable the president to re-establish control over the narrative. >> i think while also tackling or having the correct teams tackle these problems and get to the bottom of it. a lot of questions. what a week. jack quinn, appreciate you joining us today. >> anytime. >>> an emotional interview not to be missed. pretty amazing. cleveland first responders in tears, recounting the moments they rescued those three women from a house they had been trapped in for a decade. >>> plus, inside the manhunt for the world's most wanted man. i'm going to talk live to two former cia analysts who helped track down al qaeda members including bin laden. [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ its triple cleaning formula delivers brilliant shine that finish
scandals involving corruption in the tax bureau, in the treasury. >> reporter: within just a few months in 1951 and 1952 all of this happened, the korean war went south, harry truman's top aide was caught trying to buy influence. the president fired a popular general, and a massive bribery scandal engulfed the irs. yes, the irs. his approval numbers plummeted but none of that is remembered about truman today. >> scandals are way overblown in their political effects. everyone thinks oh my god, it's going to be another watergate, it's going to bring down the president. it's going to damage his party permanently. almost no scandals do that. >> reporter: what does make a scandal permanent? lichtmann says two things, when there's proof a president is directly involved and when his own party starts speaking against him. lisa desjardins, cnn, washington. >>> so this one is fun. watch this, look. ♪ this is ground control to major tom, you've really made the grade ♪ >> this is astronaut chris hadfield. he is a celebrity in canada, he channels his inner david bowie for the first music video f
Search Results 0 to 11 of about 12